LONDON — The Office for National Statistics (ONS) admits it calculated the UK's trade deficit wrong.
The ONS discovered a "processing error" related to the trade in "erratic" goods, which includes gold, silver, precious stones, aircrafts, and...

ANKARA (dpa-AFX) - Turkey's foreign trade deficit increased in October from
a year ago, as exports fell and import rose, figures from the Turkish
Statistical Institute showed Wednesday.
The trade deficit rose to $4.16 billion in October from...

Trade Balance, also known as net exports, measures the difference between the value of goods a country exports and the value of the goods it imports. A positive trade balance indicates the country has a trade surplus and a negative trade balance means the country has a trade deficit. A country's trade balance is an essential value when calculating gross domestic product and is also useful when measuring to degree to which a country relies on imported goods.